Financials end mixed

LuisaBeltran

NEW YORK (CBS.MW) -- U.S. financial stocks ended Friday mostly mixed after a report said consumer prices rose in April.

Consumer prices gained a seasonally adjusted 0.2 percent last month, a Labor Department report said. See full story. In a separate report, the Federal Reserve said industrial production jumped 0.8 percent in April, with factory output up 0.7 percent.

Five federal regulators on Friday asked banks and other financial institutions for comment on a proposed statement that would clarify how financial institutions monitor complex structured finance deals. See full story.

The move comes after the Office of the Comptroller of the Currency fined Riggs Bank $25 million late Thursday for allegedly breaking money-laundering laws.

Riggs, a unit of Riggs National Corp., allegedly laundered money for the Saudi diplomats. Riggs
RIGS, +0.26%
failed to monitor or report cash withdrawals, international drafts that were returned to the bank, and numerous sequentially numbered cashier's checks, regulators said. See full story.

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